Arcosa, Inc. announced results for the first quarter ended March 31, 2025. Revenues increased to $632 million from $598.6 million in the first quarter of 2024, a 6% increase.
Organic revenues declined 6% as higher pricing was offset by lower volumes, a decrease in freight revenue, and the divestiture of several small underperforming operations executed in the prior period.
For its Construction Products division, revenues increased 5% to $262.8 million driven by the contribution from the construction materials business of Stavola Holding Corp. and its affiliated entities acquired in October 2024, which added $26.4 million to revenues during the quarter.
Antonio Carrillo, president and chief executive officer, commented, “Our first quarter results demonstrate solid execution of our strategic vision, driven by transformative actions undertaken over the past several years. Our strong results were driven by double-digit Adjusted EBITDA growth and approximately 275 basis points of organic margin expansion.
“Engineered Structures outperformed our expectations due to robust demand and operating improvements in utility structures, higher wind tower volumes, and the accretive impact of Ameron. The barge business also performed well during the quarter and continued to add to our backlog with a 1.7 book-to-bill. Construction Products faced unfavorable weather conditions, but our legacy business was able to expand margin even with lower volumes. The integration of the $1.2 billion Stavola acquisition, completed in October 2024, continues to progress very well and operations are ramping up for the spring construction season in the Northeast. As expected, Stavola’s contribution was dilutive to our first quarter results in its seasonally slowest quarter.
“Arcosa had a strong start to 2025, and we remain well positioned for long-term growth. With operations primarily in the United States, we expect to benefit from continued investments in the nation’s aging infrastructure and a new era of growth for the U.S. power market. Against the current backdrop of macro and policy uncertainty, most of our end markets continue to demonstrate resilience. Our teams are focused on strategic execution and operational excellence, while delivering on the solid backlogs in many of our businesses. We are encouraged by our first quarter results and are reaffirming our 2025 consolidated revenues and Adjusted EBITDA guidance,” concluded Carrillo.